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2023
Flag → Flag
Exports $10.9BRnk 4 / 216
2023
Flag → Flag
Top Product $1.51BRefined Petroleum
2023
Flag → Flag
Exports $15.9BRnk 3 / 205
2023
Flag → Flag
Top Product $6.8BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Sweden-Norway Trade: In 2023, Sweden exported $10.9B to Norway. The main products that Sweden exported to Norway were Refined Petroleum ($1.51B), Electricity ($429M), and Delivery Trucks ($371M). Over the past 5 years the exports of Sweden to Norway have increased at an annualized rate of 0.12%, from $10.8B in 2018 to $10.9B in 2023.

In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) being the largest in terms of value.

Norway-Sweden Trade: In 2023, Norway exported $15.9B to Sweden. The main products that Norway exported to Sweden were Crude Petroleum ($6.8B), Fish Fillets ($977M), and Refined Petroleum ($945M). Over the past 5 years the exports of Norway to Sweden have increased at an annualized rate of 8.26%,  from $10.7B in 2018 to $15.9B in 2023.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK16.1B and imported SEK16.2B from Norway, resulting in a negative trade balance of SEK97.8M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-995M (-5.81%) from SEK17.1B to SEK16.1B, while imports decreased by SEK-3.69B (-18.5%) from SEK19.9B to SEK16.2B.

Trade In October 2024, the top exports of Sweden to Norway were Refined Petroleum (SEK1.66B), Computers (SEK439M), Packaged Medicaments (SEK377M), Electricity (SEK310M), and Telephones (SEK298M). In October 2024 the top imports of Sweden from Norway were Crude Petroleum (SEK7.21B), Non-fillet Fresh Fish (SEK2.83B), Refined Petroleum (SEK1.66B), Fish Fillets (SEK922M), and Petroleum Gas (SEK397M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Norway was explained primarily by an decrease in product exports in Sawn Wood (SEK-127M or -43.8%), Video Displays (SEK-102M or -31.1%), and Zinc Ore (SEK-56.9M or -37.4%). In October 2024, the decrease in Sweden's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Raw Aluminium (SEK-256M or -41.4%), Crude Petroleum (SEK-164M or -2.22%), and Electricity (SEK-91.3M or -19.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-995M(-5.81%)
IMPORT GROWTH (October 2023 - October 2024)SEK-3.69B(-18.5%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Norway and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $10.9B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.51B), Electricity ($429M), and Delivery Trucks ($371M). During the last 5 years the exports of Sweden to Norway have increased at an annualized rate of 0.12%, from $10.8B in 2018 to $10.9B in 2023.

In 2018, Norway exported $15.9B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($6.8B), Fish Fillets ($977M), and Refined Petroleum ($945M). During the last 5 years the exports of Norway to Sweden have increased at an annualized rate of 8.26%, from $10.7B in 2023 to $15.9B in 2018.

Exports from Sweden (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Norway
Top DestinationGermany$33.8B

This map shows whether countries import more from Sweden or Norway. Each country is colored based on the difference in imports they receive from Sweden and Norway or the difference in the growth in imports.

In 2023, countries that imported more from Sweden than Norway included United States ($18.1B), China ($8.05B), and Finland ($9.41B).

In 2023, countries that imported more from Norway than Sweden included United Kingdom ($32.6B), Germany ($33.8B), and Poland ($8.93B).

Difference in imports from Norway (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Norway

Flow
Scale

This chart compares trade between Sweden and Norway by product, considering products traded by both, Sweden and Norway.

During 2023, Sweden had a large net trade with Norway in the exports of Mineral Products ($2.26B), Machines ($1.88B), and Metals ($1.2B).

During 2018, Norway had a large net trade with Sweden in the exports of Mineral Products ($8.61B), Animal Products ($1.68B), and Metals ($1.53B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Norway+$159MCars
Top Product Potential Norway Sweden+$554MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Norway. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Norway (Flag) (2023)

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